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UK TRACTOR REGISTRATIONS UP Increase in Q1 on previous year
UK tractor registrations (over 50 hp) rose 9.6% in the first quarter of this year. Registrations of 3,240 units were up on Q1 2013.
Registrations reached 1,830 units in March, an increase of 14.2% on the corresponding month a year earlier.
The average size of units (over 50hp) registered in the first quarter was 150.4hp, an increase of 1.6% on the same period of last year; the total horsepower sold therefore increased 11.3%.
AEA Economist, Chris Evans, said, "The trade has expected a small improvement of tractor sales in 2014 and if correct this level of increase may not be sustained through coming months but there is a certain confidence returning with better weather and the increase in the Annual Investment Allowances could provide a further mild stimulus.
"Most regions saw a rise, the exceptions being the Home Counties and the South East plus Southern & Central Scotland. The largest increases were in North East England (54%), Northern Ireland (44%) and Wales (40%), predominantly livestock areas and generally areas which saw some substantial falls last year."
